Bill & Melinda Gates Foundation Trust

Period:: Q1 2026
Portfolio date:: Mar 31, 2026
No. of stocks:: 22
Portfolio value:: $31,665,506,000
Filed:: May 15, 2026
CIK:: 1166559

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 15, 261 reduced1 exited
≡	MSFT – MICROSOFT CORP	Sell	−7,691,207	−10.52
≡	BRK.B – BERKSHIRE HATHAWAY INC DEL	Reduce 12.00%	−2,358,460	−1.79
Q4 2025filed Feb 17, 262 reduced
≡	MSFT – MICROSOFT CORP	Reduce 16.00%	−1,500,000	−2.49
≡	BRK.B – BERKSHIRE HATHAWAY INC DEL	Reduce 11.00%	−2,358,460	−2.32
Q3 2025filed Nov 14, 257 reduced2 exited
≡	MSFT – MICROSOFT CORP	Reduce 65.00%	−17,000,000	−14.25
≡	BRK.B – BERKSHIRE HATHAWAY INC DEL	Reduce 10.00%	−2,358,460	5.38
≡	CAT – CATERPILLAR INC	Reduce 14.00%	−1,000,000	2.31
≡	WM – WASTE MGMT INC DEL	Reduce 10.00%	−3,300,000	2.03
Q2 2025filed Aug 14, 251 added1 reduced
≡	BRK.B – BERKSHIRE HATHAWAY INC DEL	Add 40.00%	6,951,249	2.65
≡	MSFT – MICROSOFT CORP	Reduce 8.00%	−2,266,040	1.71
Q1 2025filed May 15, 251 new1 reduced
≡	BRK.B – BERKSHIRE HATHAWAY INC DEL	Reduce 13.00%	−2,482,589	0.67
≡	WST – WEST PHARMACEUTICAL SVSC INC	Buy	444,500	0.24
Q4 2024filed Feb 14, 251 new1 reduced1 exited
≡	BRK.B – BERKSHIRE HATHAWAY INC DEL	Reduce 11.00%	−2,482,589	−1.39
≡	MCD – MCDONALDS CORP	Buy	334,900	0.23
≡	VRM – VROOM INC	Sell	−31,250	−0.00
Q3 2024filed Nov 14, 241 new1 added3 reduced
≡	MSFT – MICROSOFT CORP	Reduce 17.00%	−5,932,350	−5.08
≡	BRK.B – BERKSHIRE HATHAWAY INC DEL	Reduce 10.00%	−2,482,589	1.59
≡	WM – WASTE MGMT INC DEL	Reduce 9.00%	−3,000,000	−0.93
≡	FDX – FEDEX CORP	Add 65.00%	1,000,000	0.57
Q2 2024filed Aug 14, 241 added1 exited
≡	BRK.B – BERKSHIRE HATHAWAY INC DEL	Add 42.00%	7,317,105	5.14
≡	CVNA – CARVANA CO	Sell	−520,000	−0.10
Q1 2024filed May 15, 241 new1 added1 reduced1 exited
≡	BRK.B – BERKSHIRE HATHAWAY INC DEL	Reduce 13.00%	−2,613,252	−0.93
≡	WMT – WALMART INC	Add 200.00%	6,060,318	0.06
≡	VRM – VROOM INC	Sell	−2,500,000	−0.00
≡	VRM – VROOM INC	Buy	31,250